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Elon Musk, CEO of Tesla, announced Monday that an unprecedented model would be produced in the new factory of electric car manufacturer in Shanghai, China, the first outside the United States.
Scheduled to be operational by the end of the year, the "gigafactory," as Musk calls it, will produce the unprecedented Y model, as well as the future crossover of the Y. company, and model 3.
The executive attended a ceremony in Shanghai and said that only the cheapest versions would be produced on Chinese soil, while the rest would be in the United States and exported to China.
Tesla, which was producing in Shanghai, would avoid import duties to sell its products in China, one of the most suitable places for selling electric cars.
Fábric US $ 2 billion [19659009] The automaker signed in July an agreement with the Shanghai authorities to open a factory in the Chinese city with an annual production capacity of 500,000 cars.
The plant will help explore the growing market China's New Energy Vehicle (NEV), a category that includes battery-powered electric cars and plug-in hybrid electric vehicles, even in China's wider automotive market is cooling down.
Tesla, which began to hire for the new Shanghai factory in August, Earlier said it would raise capital in Asian debt markets to finance construction, which would cost about $ 2 billion.
Image from December 16, 2018 shows l & # Location of the future "Gigafactory" of Tesla in Shanghai – Photo: Yilei Sun / Reuters
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